BTS served as advisor in the sale of PlasTech Machining Fabrication, Inc. to DelCam Holdings in 2020…the company has grown substantially, doubling employment and adding capacity to boost future production.
Business Transition Strategies served as advisor in the sale of PlasTech Machining Fabrication, Inc. to DelCam Holdings in 2020, making the local company part of a New England-based manufacturing group owned by DelCam.
Usually this is where the coverage stops. However, a column in the N.H. Union Leader in December of 2022 updated the rest of the story.
In fact, the company has grown substantially, doubling employment and adding capacity to boost future production.
Ken Schaefer and John Howe of Business Transition Services, an M&A firm serving the lower mid-market based in Concord, NH and Andover, Mass., coordinated the transaction and represented the sellers, Lou and Claire Ferriero. The company was started in 1997.
PlasTech is known for providing world class plastics machining and fabrication services to the medical, high tech and other industries. The company applies the latest techniques and equipment. It’s commitment to continuous improvement and high-quality standards has earned it loyalty and repeat business.
It is important to note that transactions of this type can have a positive impact in not only preserving a good company but also continue its trajectory of high quality and timely production while also expanding opportunities for staff members.
Private companies like this and the owners who created them are the backbone of the U.S. economy. The vast majority of people work in small companies, and part of the BTS mission is to help transition ownership so founders can retire, and their companies preserved.